Develop carries a piece on the UK games tax break which is a useful reminder of how much government cash we’re talking about here. They say (based on the government’s budget report) that:
“Labour will pay £50 million in the 2011 fiscal year for game development tax breaks, and a further £40 million will be offered up twelve months later.”
So, at present, the total games tax pot will be £90m. Developers (and probably publishers too), you know what to aim at. Now we’ve just got to get past the election, work out how much the new government is willing to pony up (i.e. would the Tories match the £90m commitment?) and then get the tax break off the ground…
On that subject, have a look at this article on the games tax break in Hollywood-focused web site Deadline, which features a comment from Olswang’s Cliona Kirby (who literally knows all there is to know about the films tax break and is helping build the games tax break, too!)
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